COMMENT
RTG crane growth market to reach $1.17bn by 2027
H
ello and welcome to my first edition as the new editor of Hoist magazine. Over the coming months, I’ll hopefully get to meet you all virtually thanks to a host of upcoming
events and conferences taking place online this year, with the annual tradeshows resuming normal activity following mass roll-out of the covid vaccines, which unfortunately is taking a little longer than expected. As I write this editorial comment, the Lifting
Equipment Engineers Association (LEEA) has announced that LiftEx 2021 will now be held in Bahrain on September 27-28, 2021, at the Gulf Hotel Bahrain & Convention Centre, returning to the UK the following year in Aberdeen on 5-6 October, 2022. Speaking about the news, Ross Moloney, CEO, LEEA, said: “While we start 2021 with Covid-19 lockdown restrictions in many areas, the vaccine rollout is underway and we see Autumn 2021 as a time when people will be ready to reconnect. We also recognise supporting an exhibition in the UK in 2021 would be a big ask, given that 2020 was such a difficult year for many. “Holding this year’s exhibition in Bahrain gives LEEA members a chance to meet with new customers and partners and we expect the 250 members in the Middle East to really support the show. We also hope members from across the globe will attend.” It’s true, this year and before have not been without
their ups and downs but looking ahead, the rubber tyred gantry crane market was valued at $907.79 million in 2019 and is projected to reach $1,168.17 million by 2027;
according to Insight Partners and is expected to grow at a CAGR of 3.67% from 2020 to 2027. Its report claims geographically, the rubber tyred
gantry crane market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Europe held the largest share of the global rubber tyred gantry crane market, followed by Asia Pacific and North America, in 2019. Europe’s ports have adopted electric RTGs for reducing pollution and greenhouse gas emissions. Government regulations in this region have enabled the adoption of electrical container handling equipment, such as carbon emission verification in maritime transportation. Also, financial transparency regarding port investments has enabled port authorities to invest strategically in port infrastructure. You can read more about this topic in our feature on P20 entitled Sustainable Growth, focusing on Kalmar’s partnership with Total Terminals International, (TTI) to supply six hybrid RTG cranes at the Port of Long Beach, California, as well as our in-depth feature covering the UK market and news in our Automotive Application Report, which is seeing a rise in electric car sales, most recently highlighted by Renault, which plans to launch at least ten electric vehicles, including a Renault 5 prototype, before 2025. I hope you enjoy this issue and don’t forget to drop me an email with your feedback and news.
Jennifer Eagle, editor
With the covid vaccine underway this is a time to reconnect, with news just announced that LEEA will host this year’s LiftEx 2021 exhbition in Bahrain in September
www.hoistmagazine.com | February 2021 | 9
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49
